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USD/CAD
USD CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDCAD
ISIN:

USD/CAD - 15 min. - Technical analysis published on 03/27/2024 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 1.3575 CAD
My targets
1.3598 CAD (+0.0007)
1.3614 CAD (+0.0023)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.3575 CAD remains possible. It is advisable to trade USD/CAD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.3575 CAD. The next bullish objective for buyers is set at 1.3598 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3614 CAD. If there is any crossing, the next objective would be the resistance located at 1.3637 CAD. PS: if there is a bearish break in the support located at 1.3575 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

sbuda
This analysis was given by sbuda. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The USD/CAD price is 1.3591 CAD. The price registered an increase of +0.07% on the session with the lowest point at 1.3582 CAD and the highest point at 1.3599 CAD. The deviation from the price is +0.07% for the low point and -0.06% for the high point.

1.3582
1.3599
1.3591

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of USD/CAD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 15 minutes


Near support of triangle

Type : Bullish

Timeframe : 15 minutes


Support of channel is broken

Type : Bearish

Timeframe : 15 minutes



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1R1PriceR2R3
ProTrendLines 1.3528 1.3552 1.3570 1.3591 1.3591 1.3614 1.3688
Change (%) -0.46% -0.29% -0.15% 0% - +0.17% +0.71%
Change -0.0063 -0.0039 -0.0021 0 - +0.0023 +0.0097
Level Minor Major Minor Major - Intermediate Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.35201.35361.35591.35751.35981.36141.3637
Camarilla1.35711.35751.35781.35821.35861.35891.3593
Woodie1.35241.35381.35631.35771.36021.36161.3641
Fibonacci1.35361.35511.35601.35751.35901.35991.3614


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.33391.33981.34971.35561.36551.37141.3813
Camarilla1.35541.35681.35831.35971.36121.36261.3641
Woodie1.33601.34081.35181.35661.36761.37241.3834
Fibonacci1.33981.34581.34951.35561.36161.36531.3714


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.31801.32721.34211.35131.36621.37541.3903
Camarilla1.35031.35251.35471.35691.35911.36131.3635
Woodie1.32081.32861.34491.35271.36901.37681.3931
Fibonacci1.32721.33641.34211.35131.36051.36621.3754

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 50.52
MACD (12,26,9): 0.0002
Directional Movement: 4.6008
AROON (14): 14.2857
DEMA (21): 1.3596
Parabolic SAR (0,02-0,02-0,2): 1.3599
Elder Ray (13): -0.0001
Super Trend (3,10): 1.3586
Zig ZAG (10): 1.3592
VORTEX (21): 1.0988
Stochastique (14,3,5): 40.38
TEMA (21): 1.3595
Williams %R (14): -58.33
Chande Momentum Oscillator (20): -0.0005
Repulse (5,40,3): -0.0394
ROCnROLL: -1
TRIX (15,9): 0.0036
Courbe Coppock: 0.08
MA7: 1.3562
MA20: 1.3536
MA50: 1.3503
MA100: 1.3509
MAexp7: 1.3593
MAexp20: 1.3592
MAexp50: 1.3587
MAexp100: 1.3584
Price / MA7: +0.21%
Price / MA20: +0.41%
Price / MA50: +0.65%
Price / MA100: +0.61%
Price / MAexp7: -0.01%
Price / MAexp20: -0.01%
Price / MAexp50: +0.03%
Price / MAexp100: +0.05%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on USD/CAD. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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